US stocks traded higher as investors closely followed the country’s mid-term elections…reports Asian Lite News

NEW YORK, Aug. 16, 2018 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, Aug. 16, 2018. U.S. stocks closed higher on Thursday with the Dow soaring nearly 400 points amid hopes for the U.S-China trade talks. The Dow Jones Industrial Average surged 396.32 points, or 1.58 percent, to 25,558.73. The S&P 500 rose 22.32 points, or 0.79 percent, to 2,840.69. The Nasdaq Composite Index climbed 32.41 points, or 0.42 percent, to 7,806.52. (Xinhua/Wang Ying/IANS) by .
Traders work at the New York Stock Exchange in New York, the United States

The Dow Jones Industrial Average gained 113.63 points, or 0.45 per cent, to 25,575.33. The S&P 500 was up 9.36 points, or 0.34 per cent, to 2,747.67.

The Nasdaq Composite Index rose 31.74 points, or 0.43 per cent, to 7,360.59.

The results of the US midterm elections are expected to send ripples throughout capital markets.

On the economic front, the number of job openings decreased to 7 million on the last business day of September, the US Labor Department said.

Over the month, hires and separations were both little changed at 5.7 million. Within separations, the quits rate was unchanged at 2.4 per cent and the layoffs and discharges rate was little changed at 1.1 per cent, said the department.

On Monday, a report showed that the ISM non-manufacturing index hit 60.3 per cent, higher than analysts’ expectations.

The non-manufacturing sector has again reflected strong growth despite a slight cooling off after a record month in September, said experts.



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